Trump Says Intel Will Give 10% Stake To U.S., Becoming Third-Largest Shareholder

[SaxonJackson]

Sorry. I've always seen Trump as pure "salesman".

In many cases the words "salesman" and "conman" are completely synonymous.

 

[SaxonJackson]

Sounds like the deal was at least partially initiated by Intel. Where was the gov pressure?

Pressured or not ... the Federal Government should NEVER invest in a particular business. Not only does it send a message to Intel's competitors that Intel will get all future government contracts (most likely) but it opens the door to future collusion with other large corporations. Then, when a new President takes the reins of power, he (or she) begins to buy larger shares in stock and starts making specific demands. It's NOT a road the US Government should travel down.

 

[SaxonJackson]

I prefer that if the government is going to give corporate welfare, i.e. subsidies, that the taxpayers at least get some value for their tax dollars. A sovereign wealth fund with stocks from subsidies, and crypto-currencies confiscated from criminals could lead to a "rainy day fund" in case of emergencies without adding to the debt.

Which U.S. Companies Receive the Most Government Subsidies?

Government subsidies are nearing tens of billions for some companies. Here’s the ones which got the most taxpayer support.

www.visualcapitalist.com

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But, as we all know, the Republicrats would start dipping into that fund and using money for their pet projects. Look at Social Security today. Politicians simply can't keep their grubby fingers out of the cookie jar.

 

[toobfreak]

This is dipping your foot into the sea of socialism. This administration brags about corporate welfare, cronyism, and corruption. They are the enemies of liberty and prosperity.

Nah, it just sounds to me like a president who is both trying to pay down this country's debt while simultaneously invigorating interest and activity in developing more corporate business and manufacturing here at home instead of in the East.

Put simply: Anti-China, putting America first.

 

[SaxonJackson]

Nah, it just sounds to me like a president who is both trying to pay down this country's debt while simultaneously invigorating interest and activity in developing more corporate business and manufacturing here at home instead of in the East.

Put simply: Anti-China, putting America first.

The road to hell is paved with good intentions. Mussolini thought he was doing what was best for Italy.

In a free market economy, the market determines who stands and who falls. If Intel's product isn't keeping up with demand then it has two choices: Make better business decisions or disband. Minus any government intervention.

I'll be interested to see if any of Intel's competitors sue the US Government. They have a right to try.

 

[toobfreak]

In a free market economy, the market determines who stands and who falls.

Well, you see, aside from the fact that previous administrations have been influencing business for a very long time anyway, these are extraordinary times now where the need for American investment is now vital. Obviously, Trump feels that the USA has a strategic interest in seeing Intel succeed and are willing to invest their support (and ours) to improve the odds of it happening.

It would not surprise me if Trump intends for Intel to be a central leader in whatever super-AI this country and government adopts.

 

[Care4all]

Well, you see, aside from the fact that previous administrations have been influencing business for a very long time anyway, these are extraordinary times now where the need for American investment is now vital. Obviously, Trump feels that the USA has a strategic interest in seeing Intel succeed and are willing to invest their support (and ours) to improve the odds of it happening.

It would not surprise me if Trump intends for Intel to be a central leader in whatever super-AI this country and government adopts.

Is that fair, to all of Intel's competition of other businesses.... Who used their own ingenuity and own investors and took their own risks to make their companies succeed or fall?

 

[SaxonJackson]

Well, you see, aside from the fact that previous administrations have been influencing business for a very long time anyway, these are extraordinary times now where the need for American investment is now vital. Obviously, Trump feels that the USA has a strategic interest in seeing Intel succeed and are willing to invest their support (and ours) to improve the odds of it happening.

It would not surprise me if Trump intends for Intel to be a central leader in whatever super-AI this country and government adopts.

If we use this logic then the Federal Government needs to buy stock in all of America's failing companies. It should show favoritism to the companies it likes while ignoring the companies it doesn't like. Then, the Fed should start participating in the means of production and start making business decisions. It should start controlling prices. Heck ... just get rid of the current CEO and all upper management and install a government 'Czar" to run the entire business from the top down.

Once the Government gets it's huge foot in the door ... we will start seeing a domino effect. Communism is insidious but dedicated.

 

[toobfreak]

Is that fair, to all of Intel's competition of other businesses.... Who used their own ingenuity and own investors and took their own risks to make their companies succeed or fall?

I would bet that in time that other big chip companies will get deals as well, as, after all, the goal here is American investment and development. Intel was just the obvious place to start with.

 

[toobfreak]

If we use this logic then the Federal Government needs to buy stock in all of America's failing companies. It should show favoritism to the companies it likes while ignoring the companies it doesn't like. Then, the Fed should start participating in the means of production and start making business decisions. It should start controlling prices. Heck ... just get rid of the current CEO and all upper management and install a government 'Czar" to run the entire business from the top down.

Or we can just settle down and relax and watch Trump encourage the investment, development and strengthening of those companies of strategic value to our long-term national interests as a counterplay against Asian aggression.

 

[SaxonJackson]

Or we can just settle down and relax and watch Trump encourage the investment, development and strengthening of those companies of strategic value to our long-term national interests as a counterplay against Asian aggression.

Would you have relaxed as Stalin enacted rules for the long-term and strategic interests of Russia?

Remember a few years ago when the left would defend EVERYTHING Biden did because he was Biden? We all thought they were members of a cult. Why? Because they WERE members of a cult. I refuse to follow Trump just because he's Trump. He lied about the Epstein pedos and called them a hoax. He added $3 Trillion to the national debt. He promised to end wars while bombing nations that posed no threat to America. He's a Pied Piper and I'm calling him out. I voted for him 3 times but he turned on his base and has never looked back. I refuse to be a cult member.

 

[elektra]

Obama says, "**** all I got is a broke chevy."

Trump, trumps Obama's broke chevy deal

 

[Care4all]

I would bet that in time that other big chip companies will get deals as well, as, after all, the goal here is American investment and development. Intel was just the obvious place to start with.

And you think THAT is all A-ok? Why?

 

[RoshawnMarkwees]

Pressured or not ... the Federal Government should NEVER invest in a particular business. Not only does it send a message to Intel's competitors that Intel will get all future government contracts (most likely) but it opens the door to future collusion with other large corporations. Then, when a new President takes the reins of power, he (or she) begins to buy larger shares in stock and starts making specific demands. It's NOT a road the US Government should travel down.

Wasn’t privatizing social security a consideration?
Don’t local governments already partner with businesses such as pro sports teams?

 

[SaxonJackson]

Wasn’t privatizing social security a consideration?
Don’t local governments already partner with businesses such as pro sports teams?

Governments are always seeking ways to expand their power and scope. Maxine Waters said it very succinctly a decade or two ago:

 

[RoshawnMarkwees]

Governments are always seeking ways to expand their power and scope. Maxine Waters said it very succinctly a decade or two ago:

That was democrats squeezing the economy for control. Denying capital expansion, not enhancing it.

 

[toobfreak]

Would you have relaxed as Stalin enacted rules for the long-term and strategic interests of Russia?

No, but then, that is an invalid argument as you cannot really think we are dealing with Stalin here, do you?

 

[toobfreak]

And you think THAT is all A-ok? Why?

Do I think it is OK if Trump works to keep technology companies our security rely on strong and healthy and invested in the USA to main our edge over other countries? Is that what you are questioning?

 

[dblack]

He's following the corporatist Chinese model of "capitalism", where the state "partners" with corporations, to rule us properly!

 

[SaxonJackson]

No, but then, that is an invalid argument as you cannot really think we are dealing with Stalin here, do you?

No. I don't believe Trump shares Stalin's ideology. But that doesn't invalidate my point. There should be no marriage between the American government and American businesses. That sets a very, very dangerous precedent. Once that door opens, future Presidents like an Obama or a Biden or a Harris, etc., can partner with various companies who contribute to their campaigns or share their ideology. Future governments could very wall say: "if owning 10% of a company is good then owning 75% is better." They start controlling the means of production. They start controlling prices. They start showing favoritism for one company over their competitors. That's where free market Capitalism dies and Marxism thrives.